Tuesday, October 6, 2009

Facts and figures from EPF 2008 Annual Report

The EPF (a.k.a. KWSP) 2008 Annual Report reviews quite a lot of facts and figures. Here are some which might be of your interest.

As at 31 December 2008...

EPF’s total membership stood at 12.07 million members, of which 5.71 million of them are active members (members who continue to contribute). The population of Malaysia in 2008 (as recorded by Department of Statistics) was 27.73 million. From here, we can estimate that the workforce of Malaysia in 2008 was formed by about 20.6% of its population.

The amount of registered employer in 2008 was 441,820, of which 48,510 of them were new employers. Meanwhile 35,009 employers had cancelled their registration. From here, we can guess that about 10.98% of the employing companies are newcomers to the business world in Malaysia. However, there are also 35,009 employing companies closing their business in 2008.

The EPF dividend rate from 1952 to 2008 is charted as below.

This indicates that from year 2000 onwards until today, the EPF dividend rate has dipped below the average of 6%. The glory time of 1974-1999 when EPF dividend rate stayed above 6% had already gone for 10 years. When will it come back again?

Out of the 5.71 million active EPF members, 3.19 million of them are male, while 2.52 million of them are female. Their savings with EPF is shown as below.

From here, we can roughly guess that, male employees are generally having higher salary than female.

Most of the employees are in the 10,001-15,000 savings band (8.29% of male employees and 9.58% of female employees).

Less than 1% of the employees have RM500k and above savings in EPF. Only 5,575 males and 887 females (total to 6,462) have over RM1 million savings in EPF.

The average savings of the 53,022 active members at the age of 54 is RM132,539.78 (male: RM150,280.40; female: RM96,856.03).

Click here to download and read the complete EPF 2008 Annual Report to find out more.


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